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Balance Sheets - APC - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,917 $ 1,798
Receivables —    
Customer accounts 2,138 1,806
Unbilled revenues 1,012 711
Other accounts and notes 637 523
Accumulated provision for uncollectible accounts (71) (78)
Fossil fuel for generation 575 450
Materials and supplies 1,664 1,543
Prepaid expenses 347 330
Other regulatory assets 860 653
Other current assets 344 231
Total current assets 10,416 8,965
Property, Plant, and Equipment:    
In service 117,529 115,592
Less: Accumulated depreciation 35,297 34,079
Plant in service, net of depreciation 82,232 81,513
Other utility plant, net 599 0
Nuclear fuel, at amortized cost 843 824
Construction work in progress 10,896 8,771
Total property, plant, and equipment 94,570 91,108
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 2,145 2,542
Equity investments in unconsolidated subsidiaries 1,443 1,282
Miscellaneous property and investments 602 653
Total other property and investments 9,757 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,531 1,701
Deferred charges related to income taxes 866 824
Regulatory assets – asset retirement obligations, deferred 5,764 5,466
Other regulatory assets, deferred 5,918 5,577
Other deferred charges and assets 1,485 1,366
Total deferred charges and other assets 20,148 17,259
Total Assets 134,891 127,534
Current Liabilities:    
Securities due within one year 4,285 2,157
Accounts payable —    
Customer deposits 502 479
Accrued interest 614 533
Accrued compensation 1,127 1,070
Asset retirement obligations 694 697
Other regulatory liabilities 382 563
Other current liabilities 965 872
Total current liabilities 15,724 10,921
Long-Term Debt 50,656 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 10,036 8,862
Deferred credits related to income taxes 5,235 5,401
Accumulated deferred ITCs 2,133 2,216
Employee benefit obligations 1,238 1,550
Operating lease obligations, deferred 1,388 1,503
Asset retirement obligations, deferred 10,146 10,990
Other cost of removal obligations 1,903 2,103
Other regulatory liabilities, deferred 733 485
Other deferred credits and liabilities 1,167 816
Total deferred credits and other liabilities 33,979 33,926
Total Liabilities 100,359 94,967
Cumulative preferred stock    
Redeemable preferred stock 0 291
Common Stockholders' Equity:    
Common stock 5,417 5,279
Paid-in capital 13,673 11,950
Retained earnings (accumulated deficit) 11,538 10,929
Accumulated other comprehensive loss (167) (237)
Total Stockholders' Equity (See accompanying statements) 34,532 32,276
Total Liabilities and Stockholders' Equity 134,891 127,534
Commitments and Contingent Matters
Redeemable Preferred Stock, $100 par or stated value    
Cumulative preferred stock    
Redeemable preferred stock 0 48
Redeemable Preferred Stock, $1 par value    
Cumulative preferred stock    
Redeemable preferred stock 0 243
Alabama Power    
Current Assets:    
Cash and cash equivalents 687 1,060
Receivables —    
Customer accounts 431 410
Unbilled revenues 174 138
Affiliated 101 37
Other accounts and notes 153 55
Accumulated provision for uncollectible accounts (14) (14)
Fossil fuel for generation 229 159
Materials and supplies 557 548
Prepaid expenses 65 41
Other regulatory assets 474 208
Other current assets 67 67
Total current assets 2,924 2,709
Property, Plant, and Equipment:    
In service 33,472 33,135
Less: Accumulated depreciation 10,470 10,313
Plant in service, net of depreciation 23,002 22,822
Other utility plant, net 599 0
Nuclear fuel, at amortized cost 239 247
Construction work in progress 1,526 1,147
Total property, plant, and equipment 25,366 24,216
Other Property and Investments:    
Nuclear decommissioning trusts, at fair value 1,127 1,325
Equity investments in unconsolidated subsidiaries 57 57
Miscellaneous property and investments 124 126
Total other property and investments 1,308 1,508
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 71 108
Deferred charges related to income taxes 250 240
Prepaid pension and other postretirement benefit costs 657 513
Regulatory assets – asset retirement obligations, deferred 1,845 1,547
Other regulatory assets, deferred 2,107 1,807
Other deferred charges and assets 442 334
Total deferred charges and other assets 5,372 4,549
Total Assets 34,970 32,982
Current Liabilities:    
Securities due within one year 301 751
Accounts payable —    
Affiliated 443 309
Other 641 459
Customer deposits 106 106
Accrued taxes 57 98
Accrued interest 120 100
Accrued compensation 229 219
Asset retirement obligations 330 320
Other regulatory liabilities 96 215
Other current liabilities 91 125
Total current liabilities 2,414 2,702
Long-Term Debt 10,329 8,936
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 3,981 3,573
Deferred credits related to income taxes 1,925 1,968
Accumulated deferred ITCs 81 88
Employee benefit obligations 145 171
Operating lease obligations, deferred 67 66
Asset retirement obligations, deferred 3,957 4,014
Other cost of removal obligations 0 192
Other regulatory liabilities, deferred 315 210
Other deferred credits and liabilities 69 58
Total deferred credits and other liabilities 10,540 10,340
Total Liabilities 23,283 21,978
Cumulative preferred stock    
Redeemable preferred stock 0 291
Common Stockholders' Equity:    
Common stock 1,222 1,222
Paid-in capital 6,710 6,056
Retained earnings (accumulated deficit) 3,764 3,448
Accumulated other comprehensive loss (9) (13)
Total Stockholders' Equity (See accompanying statements) 11,687 10,713
Total Liabilities and Stockholders' Equity 34,970 32,982
Commitments and Contingent Matters
Alabama Power | Redeemable Preferred Stock, $100 par or stated value    
Cumulative preferred stock    
Redeemable preferred stock 0 48
Alabama Power | Redeemable Preferred Stock, $1 par value    
Cumulative preferred stock    
Redeemable preferred stock $ 0 $ 243